Mccormick (MKC) Tax Rate (2009 - 2026)
Mccormick's Tax Rate was 32.30% in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 16.44 percentage points from 15.85% a year earlier and up 3.46 percentage points from the prior quarter.
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Analysis
Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mccormick's Tax Rate was 27.31% through Aug 31, 2026, up 5.46 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 21.45%, up 0.96 percentage points from FY2024.
- Tax Rate shows a five-year change of +1.60 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 20.48% in FY2024 (-1.36 pp), 21.85% in FY2023 (+1.10 pp), 20.74% in FY2022 (-0.77 pp) and 21.51% in FY2021 (+1.67 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Tax Rate since fiscal Q4 2009.
- Compared with a year earlier, Tax Rate has increased for three straight quarters, with an average year-over-year change of +4.19 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2026 (a gain of 16.44 percentage points); the worst was fiscal Q1 2022 (a drop of 9.18 percentage points).
- Per Business Quant data, MKC's Tax Rate in the three fiscal quarters before Q3 2026 was 28.84% (Q2 2026), 26.32% (Q1 2026) and 23.94% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 144.56 Bn | 96.02 Bn | - | - |
| 2 | Mondelez International | 83.86 Bn | 76.87 Bn | 3.92 Bn | 24.64% |
| 3 | Hershey | 34.38 Bn | 31.11 Bn | 1.51 Bn | 24.37% |
| 4 | Kraft Heinz | 28.62 Bn | 16.27 Bn | 1.99 Bn | 23.86% |
| 5 | General Mills | 18.33 Bn | 15.98 Bn | 1.49 Bn | 24.46% |
| 6 | J M Smucker | 14.08 Bn | 13.86 Bn | 979.60 Mn | 24.21% |
| 7 | Mccormick | 12.60 Bn | 11.66 Bn | 794.90 Mn | 32.30% |
| 8 | Hormel Foods | 12.11 Bn | 8.77 Bn | 471.52 Mn | 42.30% |
| 9 | Chewy | 9.02 Bn | 6.31 Bn | 1.01 Bn | 28.06% |
| 10 | Lamb Weston Holdings | 7.75 Bn | 7.37 Bn | 266.50 Mn | 42.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 32.30% |
| May 31, 2026 | 28.84% |
| Feb 28, 2026 | 26.32% |
| Nov 30, 2025 | 23.94% |
| Aug 31, 2025 | 15.85% |
| May 31, 2025 | 24.10% |
| Feb 28, 2025 | 22.31% |
| Nov 30, 2024 | 25.44% |
| Aug 31, 2024 | 16.65% |
| May 31, 2024 | 13.53% |
| Feb 29, 2024 | 25.53% |
| Nov 30, 2023 | 22.16% |
| Aug 31, 2023 | 21.41% |
| May 31, 2023 | 22.13% |
| Feb 28, 2023 | 21.57% |
| Nov 30, 2022 | 23.30% |
| Aug 31, 2022 | 21.59% |
| May 31, 2022 | 16.72% |
| Feb 28, 2022 | 19.11% |
| Nov 30, 2021 | 23.05% |
API Access
Mccormick Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MKC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MKC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MKC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();